top of page
If You Haven't, Try Our Daily Grain Market Reports FREE for 30 Days!

Tidbits, Inflation, Key Reversal, Markets & Rain Days Update 11/15/23

Highlights


Late yesterday, the U.S. House of Representatives passed by a vote of 336-95 a temporary spending bill that would extend government funding through mid-January, now heads to the Senate, where Democratic and Republican leaders have voiced support. There will not be a government shutdown Friday.

 

The world’s “doom and gloom” predictors had a very bad day yesterday. Not only did the US Government avert a shutdown, good economic news prevailed.

 

The USA Consumer Price Index (CPI = measure of inflation at the retail level) was reported yesterday morning to be 0% for October; the market expected an increase of 0.1%. In September, the CPI was +0.4%, so there was a substantial reduction in October.

 

Lower inflation means less likely to have high interest rates. Lower interest rates make for a stronger economy and more demand for everything.

Want to read more?

Subscribe to wrightonthemarket.com to keep reading this exclusive post.

Comments

Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.
bottom of page